American Diversified Holdings Corporation Announces the Cancellation of 466 Million Shares
American Diversified Holdings (OTC Pink: ADHC) has announced the completion of a comprehensive overhaul of its balance sheet and capitalization structure. The company has identified an additional 142 million shares of common stock to be cancelled and returned to the Corporate Treasury, bringing the total cancellation to over 466 million shares. This follows a recent $2.73 million debt cancellation and a court order from the Eighth Judicial Circuit Court, Clark County, Nevada, for the cancellation of 324.5 million shares.
ADHC management stated that these actions will solidify the company's capitalization structure as they contemplate new business operations and potential acquisitions. The company has established a shareholder hotline and direct IR email for investor communication. ADHC is focusing on building for future success and plans to publicize future developments in the near term.
American Diversified Holdings (OTC Pink: ADHC) ha annunciato il completamento di una revisione completa del suo bilancio e della sua struttura di capitalizzazione. L'azienda ha identificato ulteriori 142 milioni di azioni ordinarie da cancellare e restituire al Tesoro Aziendale, portando il totale delle cancellazioni a oltre 466 milioni di azioni. Ciò segue una recente cancellazione di debito di 2,73 milioni di dollari e un'ordinanza del Tribunale dell'Ottavo Circuito Giudiziario, Contea di Clark, Nevada, per la cancellazione di 324,5 milioni di azioni.
La direzione di ADHC ha dichiarato che queste azioni rafforzeranno la struttura di capitalizzazione dell'azienda mentre considerano nuove operazioni commerciali e potenziali acquisizioni. L'azienda ha istituito una hotline per gli azionisti e un'email IR diretta per la comunicazione con gli investitori. ADHC si sta concentrando sulla costruzione del successo futuro e prevede di rendere pubblici sviluppi futuri a breve termine.
American Diversified Holdings (OTC Pink: ADHC) ha anunciado la finalización de una revisión completa de su balance y estructura de capitalización. La empresa ha identificado 142 millones de acciones adicionales de acciones ordinarias que se cancelarán y se devolverán al Tesoro Corporativo, llevando la cancelación total a más de 466 millones de acciones. Esto sigue a una reciente cancelación de deuda de 2,73 millones de dólares y a una orden judicial del Octavo Circuito Judicial, Condado de Clark, Nevada, para la cancelación de 324,5 millones de acciones.
La dirección de ADHC declaró que estas acciones consolidarán la estructura de capitalización de la empresa mientras contemplan nuevas operaciones comerciales y adquisiciones potenciales. La empresa ha establecido una línea directa para accionistas y un correo electrónico de IR directo para la comunicación con inversores. ADHC se está enfocando en construir un futuro exitoso y planea hacer públicos los desarrollos futuros en el corto plazo.
아메리칸 다이버시파이드 홀딩스 (OTC Pink: ADHC)가 재무제표와 자본 구조의 포괄적인 개편을 완료했다고 발표했습니다. 회사는 취소되고 회사 국 treasury에 반환될 추가 1억 4200만 주의 보통주를 확인했으며, 총 취소 주식 수는 4억 6600만 주 이상에 달합니다. 이는 최근 273만 달러의 부채 취소와 네바다주 클락카운티 제8 사법지구 법원의 3억 2450만 주 취소 명령에 따른 것입니다.
ADHC 경영진은 이러한 조치가 회사의 자본 구조를 강화하고 새로운 사업 운영 및 잠재적인 인수를 고려하는 데 도움이 될 것이라고 밝혔습니다. 회사는 투자자 소통을 위한 주주 핫라인과 직접 IR 이메일을 설립했습니다. ADHC는 미래의 성공을 위해 집중하고 있으며 조만간 향후 발전사항을 공표할 계획입니다.
American Diversified Holdings (OTC Pink: ADHC) a annoncé l'achèvement d'une révision complète de son bilan et de sa structure de capitalisation. L'entreprise a identifié 142 millions d'actions ordinaires supplémentaires à annuler et à retourner à la Trésorerie de l'entreprise, portant le total des annulations à plus de 466 millions d'actions. Cela fait suite à une récente annulation de dette de 2,73 millions de dollars et à un ordre du tribunal du Huitième Circuit judiciaire, Comté de Clark, Nevada, pour l'annulation de 324,5 millions d'actions.
La direction d'ADHC a déclaré que ces actions renforceront la structure de capitalisation de l'entreprise alors qu'elle envisage de nouvelles opérations commerciales et des acquisitions potentielles. L'entreprise a mis en place une ligne directe pour les actionnaires et un e-mail IR direct pour la communication avec les investisseurs. ADHC se concentre sur la construction d'un avenir réussi et prévoit de communiquer des développements futurs dans un avenir proche.
American Diversified Holdings (OTC Pink: ADHC) hat den Abschluss einer umfassenden Überarbeitung seiner Bilanz und Kapitalstruktur bekannt gegeben. Das Unternehmen hat zusätzlich 142 Millionen Aktien von Stammaktien identifiziert, die storniert und an die Unternehmens-Schatzkammer zurückgegeben werden sollen, wodurch die Gesamtzahl der Stornierungen auf über 466 Millionen Aktien ansteigt. Dies folgt auf eine kürzliche Stornierung von 2,73 Millionen Dollar Schulden sowie auf einen Gerichtsbeschluss des Achten Gerichtsbezirks, Clark County, Nevada, zur Stornierung von 324,5 Millionen Aktien.
Das Management von ADHC erklärte, dass diese Maßnahmen die Kapitalstruktur des Unternehmens festigen werden, während sie über neue Geschäftsmöglichkeiten und potenzielle Übernahmen nachdenken. Das Unternehmen hat eine Hotline für Aktionäre und eine direkte IR-E-Mail für die Kommunikation mit Investoren eingerichtet. ADHC konzentriert sich darauf, zukünftig erfolgreich zu sein, und plant, in naher Zukunft über Entwicklungen zu informieren.
- Cancellation of over 466 million shares of common stock
- $2.73 million debt cancellation
- Comprehensive overhaul of balance sheet and capitalization structure
- Potential new business operations and acquisitions being contemplated
- None.
ADHC Has Added an Additional 142 Million Shares To A Recent Court Ordered Cancellation Of Company Common Stock Completing the Company's Corporate Restructuring
Del Mar, California--(Newsfile Corp. - August 29, 2024) - American Diversified Holdings Corporation (OTC Pink: ADHC) announced today the completion of a comprehensive overhaul of the Company's balance sheet and capitalization structure. In addition to the
The Transfer Agent has previously received the formal court order from the Eighth Judicial Circuit Court, Clark County, Nevada, Case Number A-21-843670-B formally ordering the cancellation of 324.5 million shares of common stock.
"After successfully receiving a judicial order cancelling 324.5 million shares, we have identified more shares that are subject to cancellation," Commented ADHC. "Our recently announced debt cancellation of
NEW ADHC SHAREHOLDER CONTACT
SHAREHOLDER HOTLINE: 858-325-7098
DIRECT IR EMAIL: ADHCInvestor@yahoo.com
Future development will be publicized in the near term as we continue to build ADHC for future success.
About AMERICAN DIVERSIFIED HOLDINGS CORPORATION
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John Cacchioli, CEO
American Diversified Holdings Corporation
Telephone: (212) 537-5900
Email: JC@American-Diversified.com
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SAFE HARBOR FORWARD-LOOKING STATEMENTS: This press release may contain forward-looking statements that are based on current expectations, forecasts, and assumptions that involve risks as well as uncertainties that could cause actual outcomes and results to differ materially from those anticipated or expected, including statements related to the amount and timing of expected revenues related to our financial performance, expected revenue, contracts, and future growth for upcoming quarterly and annual periods. These risks and uncertainties are further defined in filings and reports by the Company with the U.S. Securities and Exchange Commission (SEC) and on the OTC Disclosure & News Service (OTCDNS). Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors detailed from time to time in our filings with the SEC and/or OTCDNS. Among other matters, the Company may not be able to sustain growth or achieve profitability based upon many factors including but not limited to the risk that we will not be able to find and secure construction contracts and the necessary assets that will enable us to become profitable. Reference is hereby made to cautionary statements set forth in the Company's most recent SEC and/or OTCDNS filings. We have incurred and will continue to incur significant expenses in our development stage, noting that there is no assurance that we will generate enough revenues to offset those costs in both the near and long term. New lines of business in the construction industry may expose us to additional legal and regulatory costs and unknown exposure(s), the impact of which cannot be predicted at this time. Words such as "estimate," "project," "predict," "will," "would," "should," "could," "may," "might," "anticipate," "plan," "intend," "believe," "expect," "aim," "goal," "target," "objective," "likely" or similar expressions that convey the prospective nature of events or outcomes generally indicate forward-looking statements. You should not place undue reliance on these forward-looking statements, which speak only as of this press release. Unless legally required, we undertake no obligation to update, modify or withdraw any forward-looking statements, because of new information, future events or otherwise.
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FAQ
How many shares of ADHC stock are being cancelled?
What is the amount of debt cancelled by ADHC?
What court issued the order for ADHC's share cancellation?
What is ADHC's plan following the share cancellation and debt reduction?
